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#Crypto Gambling on Trustworthy Sites

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Cryptocurrency has raised quite the fuss in the financial world of the 21^st century. It all began in 2009, when the mysterious, and still anonymous, Satoshi Nakamoto first unveiled Bitcoin to the world. The first cryptocurrency made waves online, and pretty soon, so-called altcoins followed. Today, experts estimate that there might be thousands of cryptocurrencies. However, not all of them are worth your time. Some of the most trustworthy ones, of course, are the following:

Bitcoin
Ethereum
Tether
Litecoin
Ripple

Still, as cryptocurrency is a rather new phenomenon, there are plenty of people that are confused about how it works and what they can use it for. We are here to explain one of the more popular uses for crypto today, online gambling. We’d like to discuss how online casinos have embraced crypto-based payments, how you can make said payments, and what to look out for when you do so.

Crypto-based Gambling

The online gambling industry, while a decade older than the crypto market, is still relatively new. And yet, already it has become a multi-billion-dollar business. The way online casino operators have achieved this is quite simple. They are constantly and consistently looking to give the customers what they want. One way they’ve done this is by accepting crypto-based payments.

One website that has embraced crypto is Stake.com. The casino offers a lot of games that new and seasoned players will enjoy. Not only that, but they also offer a thorough guide on how to deposit at Stake.com right on their website. Of course, there are plenty of other casinos that have embraced crypto-based deposits. The phenomenon is so popular, that plenty of websites fully dedicated to crypto-gambling have emerged.

What are Crypto Casinos?

As their name might suggest, crypto casinos are websites that focus solely on crypto-based gambling. Many of them deal with multiple kinds of cryptocurrency, from Bitcoin, to Ethereum, to Tether, and much more. Some even deal in obscure cryptos that you might not have heard of, though we would recommend you stick to the more well-known digital currencies out there.

As crypto casinos are relatively new, many might wonder whether they are safe and reliable. The following section of the article will deal with the safety concerns that some gamblers might have regarding casino-based online gambling, and crypto casinos in general. Without further ado, let us get to the meat and potatoes.

Are Crypto Casinos Safe?

The opinions on crypto casinos are relatively divided, and it is only fair that you hear both sides of the argument before you make a decision. We will start off presenting the arguments in favor of crypto casinos, and then move on to the disadvantages.

Why Crypto Casinos Are Safe

Many people have argued that crypto casinos are not just safe, but that they are the safest option for most online gamblers. The main reason for this is the nature of cryptocurrency. As some of you may know, crypto is a digital, decentralized currency. In other words, any transaction you make is impossible, or at least incredibly difficult to trace. The argument here is that crypto casinos ensure your privacy, due to the very nature of cryptocurrency.

We should mention here that, crypto casinos can only be considered safe if they are properly licensed and regulated by a notable authority. There are national and international licenses that work to make sure a casino is on the up and up. Some of the most trustworthy licenses include the following:

The Malta Gaming Association License
The eCOGRA License
The Great Britain Gambling Commission License
The Curacao Gaming License

There are also local, national licenses that work just as well. If you prefer gambling at local online casinos, then looking for a local license is your best bet.

The Argument Against Crypto Casinos

The main arguments that people have against crypto casinos is the same arguments they have against cryptocurrency in general. You will often hear complaints about the high levels of volatility involved with crypto. And while there is a trend among skeptics to misunderstand crypto’s volatility, we can’t argue that the crypto market is certainly volatile.

For this reason, we recommend that you first familiarize yourself with how crypto-based gambling works. Not only that, but spend some time studying the crypto market in general. Once you’ve become a bit more informed, you can then move on to crypto gambling.

Overall, we would argue that crypto gambling is just as safe as any form on online gambling. All you have to do is just do a bit of research and look for a quality license. If you follow those simple steps, you should have no problem dealing with the fluctuating crypto market.

What Else Can I Do with Crypto?

Lest you think casinos are your only option for wagering with crypto, we are here to discuss other popular options for crypto enthusiasts. One way that you can use Bitcoin, which is somewhat related to the casinos, is for sports betting.

With the English Premier League approaching, many football fans are incredibly excited for the odds and outcomes. If you are a fan of sports betting and crypto, now is the time to delve deep into the industry. However, if sports don’t interest you, then fear not; you can also use crypto to bet on eSports.

eSports have become a huge phenomenon in 2023. Some of the fastest-growing games on the market are related to eSports. And online sportsbooks have fully embraced them. You can now place wagers on who you think will be the next CS: GO or DOTA 2 champion. Other popular betting options include the following:

Overwatch
Fortnite
League of Legends
Valorant
The FIFA games
Mario Kart
Super Smash Brothers

Of course, a lot of businesses have also embraced the idea of crypto-based purchases. You can use your crypto-funds to buy produce from Whole Foods, coffee from Starbucks, and computer gear from Microsoft. Most e-shops today also accept Bitcoin and Ethereum, so it is certainly a good time to be a crypto investor.

The post Crypto Gambling on Trustworthy Sites appeared first on Spiel Times.

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